Summary - Flat 1A, 22 Victoria Road North PO5 1PX
2 bed 2 bath Ground Flat
Letting-ready two-unit flat with allocated parking and long lease.
Cash buyers only — sale condition
A compact semi-basement flat arranged as a one-bedroom plus separate studio, offered as a single investment lot with tenants in situ until August 2025. The two let units produce a combined annual income of £17,484 and include an allocated off-street parking space — useful for city-centre rental demand. The building is a Victorian end-terrace with double glazing and electric storage heating; the long lease (966 years) and shared freehold reduce long-term tenure risk.
This is aimed squarely at cash buyers and buy-to-let investors seeking immediate rental income and minimal entry paperwork. Both units are presented in good order and already let on separate ASTs, so the purchase can generate income from day one. Service charges are modest at about £500 per year and council tax sits at Band B.
Buyers should note material negatives plainly: the property uses electric storage heating (higher running costs), the EPC ratings are D/D, and the external walls are assumed cavity construction with no added insulation. The neighbourhood profile includes higher-than-average crime and wider area deprivation indicators — these factors can affect tenant mix and yield assumptions.
There is clear potential to improve returns through selective refurbishment or energy upgrades (insulation or heating replacement), but those will require additional capital. The sale is cash-only and offered with no forward chain, enabling a fast completion for a prepared investor.
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